EMAS awarded US$110 million worth of new projects in subsea construction and offshore support services
EMAS, the operating brand of Ezra Holdings, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth US$110 million. These projects will be executed in the Gulf of Mexico and the Asia-Pacific region, the company said in its press release.
EMAS AMC’s project wins come from a national oil company operating in the Gulf of Mexico for a SURF type offshore installation project, while the other comes from an oil major operating in Asia for pipeline repair works. Both projects are scheduled to commence before the end of 2013, and will be managed from the Group’s Houston and Singapore offices respectively.
“I am delighted with the steady progress that EMAS AMC has made this year. Not only are we continuing our winning momentum, but we have also demonstrated that we have positively rebounded, and that project execution is reaching a higher level of operational efficiency,” said Mr Lionel Lee, Group CEO and Managing Director of EMAS.
“We are now beginning to see various repeat clients, which mean we are gaining recognition for the good work we are doing.”
Adding to EMAS’ contract wins, EMAS Marine has been awarded three new charters with a national oil company and an oil major in South East Asia for two anchor, handling, towing and supply (AHTS) vessels and a platform supply vessel (PSV). The contracts have an average tenure of around 3.5 years, including options.
“The charter wins are a testament to our strong reputation that we have in the region and proof that EMAS Marine’s consolidation efforts into Asia is paying off,” said Mr Lee.
“While the offshore support market remains challenging, we have been able to ride on our track record and close relationships with operators to continue winning quality, long-term charters for our vessels.”
The Group recently announced a record US$1.26 billion in revenue for its full year results in FY2013, and has approximately US$8 billion worth of projects being tendered. Its orderbook stands in excess of US$2 billion.
ABOUT THE GROUP
EMAS – a leading global contracting group providing offshore/subsea construction, marine, production and well intervention services – is Ezra’s operating brand. With offices across five continents, it prides itself in having the right people and solutions for the oil and gas (O&G) industry by combining its global footprint and proven engineering skills with a diverse offering of premium assets and services designed to fully meet clients’ needs.
Operating in unison, Ezra’s core divisions are able to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services anywhere in the world.
EMAS AMC – created after the acquisition of Aker Marine Contractors AS, is a global EPCIC service provider of comprehensive subsea-to-surface solutions for the offshore construction sector, in particular the buoyant subsea segment. Core business offerings include subsea construction, umbilicals/power cables, pipelines, platforms, FPSO and floater installations.
EMAS Energy provides well intervention and drilling services both onshore and offshore, offering fully integrated solutions that combine its marine assets with state-of-the-art intervention equipment and services.
EMAS Marine manages and operates a young, versatile fleet of advanced offshore support vessels, offering an extensive range of maritime services that cater to the client’s needs throughout a field’s life cycle. It also manages EMAS AMC’s fleet of construction assets and third-party vessels.
EMAS Production, under approximately 45.7%-owned EOC Limited, owns and operates cutting-edge FPSO (floating production, storage and offloading) facilities, offering services that support the post-exploration needs of offshore fields, such as FPSO conversion management.
